tv Sunday Morning Futures With Maria Bartiromo FOX Business July 26, 2015 6:00pm-7:01pm EDT
all inclusive hard rock hotel. good morning. a scathing message from iran's supreme leader highlights the mixed messages after finalizing a nuclear deal. secretary of state john kerry continues his defense of the deal this week as congress is set to begin its august recess. what if any impact will lawmakers have on the agreement. i will ask a texas congressman who served in the cia. plans on capitol hill to clamp down on sanctuary cities which do not cooperate with governments. a senator who crafted one of the bills explains how it will keep communities safer. the state department contra
contradicting statements from hillary clinton admitting some of the e-mails were classified. how big of a bump in the road for her campaign? we will look ahead on is the sunday morning futures." john kerry will be back on the hill this week after taking a verbal lashing from lawmakers last week. while testifying in defense of the iran nuclear deal. mr. kerry telling the senate foreign relations committee, the deal is vital. neutralizing iran's threat to the region. republicans are vowing to prevent the agreement. joining me is will heard, a member of the task force on combating terrorism and a former cia undercover operative. it's great to you have in the studio today. thanks for joining us. your anticipation of secretary kerry in front of the house this tuesday. what do you expect to come out of the testimony? >> i have heard some of his comments already. he is going to say that you have
to have a deal because no deal means war, which is complete lyly erroneous. he will talk about how they held out for the strongest deal they can. the same messages he has been talking about. >> it's extraordinary when you look at fact we have the ballistic missile development. you have the lifting of the conventional arms embargo. sank sank sanction relief on individuals. and they say tes a good deal for the u.s. it feels like it's a really did deal for iran. >> it really is. it's a great deal. think about this. iran has been the largest state sponer of terrorism for almost four decades. they had no money because of sanctions. now they will be flush with cashes. what they will do with this is absolutely scary. the bottom line is this. we cannot trust the iranians. they have lied to the u.n. nuclear watchdog on a number of occasions. they have lied to the u.n.
security council. they're supporting terrorist organizations in yemen, iran syria, afghanistan. we can't trust them. >> and then this morning we have this tweet from the supreme leader of iran making fun of president obama. they're taunting the u.s. i want your take on that. the bottom line question that i have to get your take on is is this deal a done deal? can congress actually have an impact here? stay with us on that. a lot to talk about with you this morning. first, let's dig into the showdown on capitol hill over the iran nuclear deal. good morning. >> >> reporter: iran has lied cheated and deceived the word before about is nuclear program. now tehran can be up to its familiar tricks again. >> mr. secretary, i'm sorry. not unlike a hotel guest that leaves only with a hotel bath robe on its back i believe you have been fleeced.
>> reporter: sharp words on capitol hill where john kerry and ernest moniz were trying to win over skeptical members of congress. kerry insisting the deal will prevent iran from developing nuclear weapons for at least 15 years. but today iran's strange behavior continues. the supreme leader tweeting that photo that appears to show president obama pointing a gun to his head. >> we have a diplomatic path way to achieving that objective. we have been very clear that's not going to erase our differences with the iranian government. it will resolve what is the greatest potential threat and the greatest challenge of the national community. >> reporter: under signs iran may not fulfill its promise. foreign relations adviser saying, the access of inspectors from the international atomic agency or from any other body to iran's military centers is forbidden. inspectors do not have any
separate agreement on visiting the military site. iran will provide soil samples and other installations. the u.n. inspectors will not independently get them themselves. >> let me tell you the worst thing. what you guys agreed to was, we can't take samples there. they're going to be able to test by themselves. even the nfl wouldn't go along with this. how in the world can you have a nation like iran doing their own testing? >> reporter: secretary kerry says the soil sample issue is classified. when senators say the nfl drug testing program is stricter than the iranian agreement, the secretary of state considers going wind surfing again, he will face choppy waters on capitol hill. >> thanks very much. we are back with congressman
will hurd this morning. let me talk about the tweet from the supreme leader of iran. he tweets out saying, we don't want a war, but if there is a war, we're not going to show the picture, we don't want to get involved and worsen the situation here but it is a graphic depicting a gun to president obama's head. three days after we do this deal with iran. >> here is the problem. this is par for the course. this is not a unique thing. this is something that the supreme leader has been doing for years. the day after the agreement was signed he was speaking at a university talking about how we're going to continue to have to fight against the great satan, referring to the united states of america. anybody who thinks we can trust them is naive. >> why are the president and john kerry so intent on making sure this deal goes through? the president has said any challenges to this deal i will veto. >> and we know. that's why for us in the house
and the senate we have to get enough of our colleagues to vote against this deal so that we can override a veto. this isn't a republican or a democrat issue. this is about the security of the world. hopefully, my colleagues realize in the number of years when their children and grandchildren say, did you do absolutely everything you can to stop nuclear iran i hope my colleagues will say yes. >> there is an expectation out there that this is a done deal and that congress won't be able do anything. give me the numbers. what do you need to see in order for congress to actually have the power to reverse this? >> sure. starting this past monday, the clock started. we had 60s days. if all the republicans vote against this we will need 13 senators and 43 members of the house to vote against the deal. what's interesting is my colleagues are really listening to both sides of the argument trying to understand this. the more they learn about this
deal the harder it is to -- for them to support it because some of the things are just outrageous. >> what do you think about chuck shumer? it does come down to him, doesn't it as he enters his new role of majority leader. >> he's a very influential person in the senate. he is taking over the role as majority leader. he is going to have i ahuge influence in how many of his colleagues are going to vote. >> what are you expecting? we have not heard from him. everyone is wondering, what is he going to? what are you expecting? >> i wish i knew. i'm hoping he will come out against the deal. >> of course. we will see. you do think there's a chance that congress can actually reverse this? >> i'm hopeful. we're working every single day to try to convince our colleagues and the american people to speak up. because we need to hear from them. i represent a very big part of texas, rural area. this is the single question i get asked at every event, every town hall is what are we doing against iran? we need folks to speak up and talk to their congressmen, their
senator and say, please kill this deal. >> you know we have this clock ticking, as you said. it started monday. now congress is going on august recess. what -- how does that play into things? will you have an opportunity during the august recess to take the temperature of your colleagues? >> absolutely. i think this is a good thing, because everyone is going to be back in their district barnstorming their district and they will hear from vocal constituents how they feel about this deal. i'm hoping this is going to influence a number of my colleagues when we come back in september and start gearing up for taking this vote. >> what was most troublesome to you about this deal? >> that we're actually -- that we truly believe that we can trust the iranians and that we think they're going to follow through on this. some of the sanctions relief that they're going -- that's going to allow within the first six to eight months the possibility of $150 billion going to the iranians. that is three times their budget
for the irgc which is kind of like their special forces and cia together. these are the folks that are exporting terrorism. it's unconscionable that we're going to let that happen. >> then there's also the idea that even if you want to trust the iranians that they are not going to develop -- they're not going to use a nuclear bomb who is to say they're not going to sell it. this is -- they have been supporting terrorists. >> for almost four decades. here is the deal. i would like to see diplomacy happen. there have been no confidence building measures between the united states government and the iranian government that says we can trust them. that's why we should walk away from this deal. what the president and secretary kerry is going to say is that if we walk away that means war, no. when we walk away from the deal it should be continued financial sanctions against them. >> we will be watching. thanks for joining us. we appreciate it. action on capitol hill this past
week. a veto threat by president obama. the chairman of the senate judiciary committee, target cities that protect illegal immigrants but don't cooperate with the feds. let us know what you would like to hear about sanctuary cities up next. stay with us as we look ahead this morning on "sunday morning futures."
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good to have you on the program. thanks for joining us. >> thank you. >> can you talk to us about sanctuary cities and what you are hoping to achieve? >> yeah. first of all remember that this is related to not just one incident the killing of the girl in san francisco. over the last five years, there has been 121 like killings by fugitives and criminals that have been deported and then come back into the country. so two things we want to accomplish. one, when sanctuary city gets a person that's a criminal alien and they get a detainer from the federal government immigration service and law enforcement, we want that turned over -- that person turned over to the federal authorities. if they don't turn them over then they will lose federal
funding that they get for detaining these people. then the second thing we do, for people that are criminal aliens under these circumstances who have been deported come back into the country, the present law says at present two years, but it's never used. so we're going to have a mandatory five-year sentence for people that are deported as criminal aliens and then return to the united states. >> senator, the president has already said any challenge to the sanctuary cities he will veto. where does that put you and this bill? what position does that put you in? >> well all we can do is make law. the president takes an oath to uphold and faithfully enforce those laws. the president, by recognizing sanctuary cities they are violating immigration law. so the president can't have it both ways. he wants to allow sanctuary
cities to violate immigration law. and yet when arizona tries to pass a lot of laws to protect their citizens from criminal aliens he goes to court and gets those laws declared unconstitutional. the president should be enforcing law. if the immigration laws were enforced we wouldn't have these problems that we're talking about. we're talking about a person that was deported five times coming back into the country and murdering somebody and not being turned over to the federal government. is the president of the united states going to say that that person with five convictions and that that's okay for that person to come back and murder? of course the president isn't going to say that. but by his inactions, he's allowing it to happen. >> what are your thoughts on donald trump, who was at the border in texas this past week?
any takea ways stakeaways? >> two things. number one, it deals ss strictly with the subject. we do have a broken immigration system. either we have to pass immigration reform which i think we should do and secure the border or else under existing law we have to have a president that will enforce it. the second thing is more of a political answer i will give you. i follow the reagan 11th commandment, don't speak ill of another republican. that's just not directed towards trump. that's people that in turn have directed bad things towards trump in regard to his campaigning. >> senator, final question here about gun control. because this is obviously on everybody's minds now post another deadly shooting this past week in lafayette, louisiana. what are your thoughts on
putting an end to these shootings that we see continuing to happen these tragedies that should not be happening? >> in most of these incidents -- i don't know about this specific case. but in five out of six previous mass murders we had, five of the six had mental issues. so the one thing that we have to do to get this under control is to make sure that we have -- get people who have mental problems get them in the database at the fbi so that they can't get the guns in which they kill. but this is all boils down to two things we have to live by. number one, we have to be concerned about the public safety of our citizens. number two, we can't do anything to compromise the bill of rights and the second amendment, the right of an individual to protect themselves. if they want to protect through ownership of guns we have to respect that constitutional
right as well. >> senator, we appreciate your time today. thanks very much for joining us. >> thank you. coming up the u.s. economy looking to break out of a holding pattern in the second half of 2015. where are the jobs? the latest predictions on the gdp. when the fed will raise rates. stay with us. so this is a great place to work.
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latest reading on where we are in terms of growth and where are the jobs. the first half has shown a flat performance with mixed numbers in the second quarter. joining us is rich peterson. you are tallying up all the numbers all the time. you have a great read on where things are. thanks for joining us. first the gdp out on thursday. >> the consensus expectations are a gain of 2.8%. that comes on the tail that we had a contraction of 0.2% in the first quarter of this year. initial numbers for the first quarter were for a negative 0.7%. it made the revision improve but still a dismal performance. >> a dismal performance in the first quarter. now you are looking for growth of 2.8% in the second quarter based on the gdp number. how come we have sort of switched from contracture to now you are looking for growth? >> we saw stability in energy
prices. we had the strike earlier this year which contracted activity as well as the horrendous weather in the northeast. the second quarter numbers are going to be impacted by exports, affected by the strong u.s. dollar as well as consumer spending. some areas we have seen gains. some improvement in existing home sales. but the first we have seen retail sales volatile. >> we have been waiting for the consumer to use some of the money that they saved at the gas pump and start spending it. they haven't. >> it's non-existent. many factors why that hasn't been. the theory is the children started college in the first quarter of the year. they have a bill saying we owe how much? the spending ability has been taken back. likewise states have been raise raising tachraise raising taxes. if you go to a beach, spending $15, now they put a tax on their parking fee.
>> are you kidding me? >> that's connecticut. thank the governor for that. >> what about hillary clinton is out with her own tax plan. she wants to take capital gains taxes up. if you are holding them -- holding stocks for a two-year period. we will talk about that with the panel. let's talk about earnings. we have been seeing lots of earnings come out for the second quarter. generally speaking, how inging how are the earning snz earnings? >> down beat. a decline of 1.9% from where we were a year ago. that's an improvement where we were at the start of earning season when expectations were for a decline of 4.5%. when all 500 companies in the s&p 500 will be reporting, we should be flat. that being said it's really been a deceleration in earnings growth. last time we had double digit earnings growth was in 2014 when it was over 10%. third quarter was 9%. fourth quarter was 8%.
first quarter this year was 3%. we are declining. expectations for the year of 2015 essentially flat. >> you get these numbers out. you look at unemployment. that looks like it's getting better. you get better economic data. you feel like things are, in fact improves. at the end of the day, it's not. next week we have some healthcare companies and oil companies reporting earnings. i'm wondering what is priced into the market and whether it's going to send the market lower. you have an earnings period that is not living up to some expectations. >> the bar has been set so low. we started out with negative 4.5. we may end flat for the quarter. we may see improvement in 2016. led by energy where energy is now a head wind given the fact prices are making the comparison from last year next year will be a tail wind. we will see improvement in energy. >> what are you hearing in terms of -- are companies saying things get better in the next
quarter? what is your talkaway in term what was companies are saying? >> very cautious. in terms of the multi-nationals, companies that have large exports abroad like prak ter and gamble they are being hurt by the weakness in china, strength. u.s. dollar. while we see a flatness in earnings revenue growth has been declining. >> it's not a great story. >> i wish i could tell you better news. >> i wish so too. thank you so much for joining us. donald trump taking a tour of the southern border. where he was met by fans cheering his focus on illegal immigration as well as his share of critics. how will this play out with voters? our panel will weigh in next. back in a moment.
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he blamed the setbacks on a shortage of troops. his speech was his first in a year. police in paris looking for the suspects who tried to crash their car into barricades at the tour de france. the driver and passengers got away. that happening right near the u.s. embassy, just hours before the riders will make their final lap in that race. i will be back at noon with more news. the doctors, as always, are in. two hours from now at 12:30 eastern. back to "sunday morning futures" and maria. thank you. donald trump making a big impression this week at the mexican border. the trip coming after igniting a firestorm of controversy suggesting mexico is sending criminals, including rapists and murderers, over the border
illegally into the united states. the mechlxican government slamming him. trump not backing down as he rises to the top of a clear politics poll this coming as trump hints at an independent roll. let's bring in our panel on this. stephen sigmund, a democratic strategist a former communications director for a former new jersey governor. jerry baker, the managing editor of the wall street journal. donald trump at the border. >> the bottom line is it's part of his reality show. for the other candidates they can't break through. over time they will. at this point, the absurdity of going there for a photo op is what it was and to see all these people protesting. at the end of the day, he will get the hispanic vote when he is the nominee, there was one other
guy who bragged as much, mow mohammed ali. i don't think he can back it up. >> the gop is raepeaping what they sow. the elections they have won by capitalizing on anger and capitalizing on this notion of the nation failing. that's the campaign that he is running. so it does not -- it's not the morning in america that wins elections. it gives him after bit of a big field. he is eating up all the oxygen. marco rubio, john kasich have no opportunity to get known. >> amazing actually that john kasich announced his presidency and it sort of went out there. everyone is talking about trump. >> this is probably the summer of trump. this will come to be known as the summer of love when we had
2012 we had the summer of ben carson and -- nobody really who matters -- primary voter rrz errs are not focused. anybody in the news who is able to get publicity -- we know donald trump is very good at getting publicity. anybody who is able to create a little noise and publicity for himself, claim he is a republican despite all evidence to the contrary is going to shoot to the top of the republican polls, because the level of interest is so low that it's going to depend exposure and name recognition. trump has those things. once the campaign really gets under way and we start with the fox news debate in two weeks time people start to pay attention, they really start to see what the candidates actually stand for and they see donald trump as far as his record is concerned is not even a republican in name only a rhino, he is not a republican at all. he hasn't stood for republican things. as soon as people focus on that i suspect it will turn into the
fall of 15 other candidates. >> he seems to be throwing out the rule book and being successful. and he has money. even if he starts to fade a little bit, he can still stay in the race for as long as he feels like staying in the race. in a 16-candidate race it doesn't take much -- it doesn't -- john mccain got it right that he was stirring up a portion of the party. he is stirring up the angries. they can stay angry for a long time. >> the critical thing is is he goes to spend money? i've been around billionaire campaigns before. they are tight with money. >> they don't want to spend their own money. >> that's why they become billionaires. every week he gets in the plane. he has a staff. and he does what did he last week. he plays to the mainstream media. a campaign is about organization it's about television about advertising, driving a message. he's no message. his message is me me me. >> how about policy? >> if you look at what he said in the past he called for universal healthcare strict gun
control. he said positive things about hillary clinton in the past. he said positive things about obama before he discovered he wasn't born in the united states. he said all kinds of things. when people start to look at that record that support will fade quickly. the only thing i will say -- this is important. this reflects politics more generally, not only in this country but around the world. what he is doing, he is tapping into real resentment among the voters. there's a real mood in this country and other parts of the world resentment about the governing classes, about big business about big corporations about everybody in positions of power. they have lost the trust of the people. people are unhappy. when somebody comes along and appears to speak authentically and appears to say things that other people are not prepared to say and appears particularly to say things like i'm standing up for little guy, then i think that does resonate with people. i think once they look at what he actually stands for, republican voters certainly are not going to like the look of him. right now, he is speaking to the resentment the mood of a lot of
people in this country. >> it's a great point. he has been attacking everyone from john mccain and lindsey graham to now scott walker. i want your take on hillary and whether her speech this past week actually has resonated. more from the panel. first a look at what's coming up on the top of the hour. good morning, howard. >> good morning. look at the coverage of the summer of trump, asry jerry put it. the pundits have been wrong about donald. "the new york times" softening its story about hillary's e-mails and potential investigation. and i don't know if john stewart has made fun of you maria. he has taken hits at me. we will look at his final interview with president obama it was a love-fest. >> he has taken shots at me. thank you very much. >> welcome to the club. >> we will be there in 20 minutes. thank you so much. hillary clinton's team says she will answer questions from congress about the deadly terror attack at benghazi.
that hasn't reduced the drama over setting up for testimony. how will this play out in our panel weighs in on hillary as we look ahead. ♪ if you can't stand the heat, get off the test track. get the mercedes-benz you've been burning for at the summer event, going on now at your authorized mercedes-benz dealer. hurry, before this opportunity cools off. share your summer moments in your mercedes-benz with us. at ally bank no branches equals great rates. it's a fact. kind of like mute buttons equal danger. ...that sound good? not being on this phone call sounds good. it's not muted. was that you jason? it was geoffrey! it was jason.
i take prilosec otc each morning for my frequent heartburn. because it gives me... zero heartburn! prilosec otc. the number 1 doctor-recommended frequent heartburn medicine for 9 straight years. one pill each morning. 24 hours. zero heartburn. welcome back now to hillary clinton head to the hill to deal with benghazi as well as revelations about her e-mails. her campaign saying that she, will testify before the select congressional committee on benghazi at a hearing on october 22. this date is not confirmed. the hearing will delve into the classified material that government watchdogs say was found in her e-mails, despite her contention there was no classified information that she e-mailed. let's bring back our panel. ed the clinton campaign is very clear. they are saying we did not e-mail anything from my private
server that was classified. what is your take in? >> for 30 years it has been deny deny deny. what i can't understand is why she didn't dump this stuff out early. why didn't she -- she made a mistake by having the e-mail in her home. she should have brought someone in to verify. it's the drip drip drip. the biggest issue she has is the american public, a majority of the american public don't trust her. >> do you think this is impacting her campaign? >> yeah. clearly, this is a big problem. this question -- as ed says this strategy of denying has been characteristic of the clintons for a long time. what this does -- whatever comes of this -- these inspectors general do say that despite -- they directly contradict what she said in her press conference that there was no classified material on her private e-mail. they say there was and it was classified at the time which is an important distinction, because sometimes material can be classified after the fact.
it was classified at the time. therefore, they have said that she was not telling the truth, whether she was mistaken or lying remains to be seen. this is just a part of the pattern with the clintons. it will remind people rather depressingly that this unfortunately is the way the clintons -- for a very long time. a culture of secrets, denial always of never being transparent and telling the truth. it will reinforce the doubts of a lot of voters about whether or not hillary clinton is fit to be president. >> what is the strategy to counselor counter this? >> it hasn't affected her in polling yet. but i don't think overall it will. i think ed is right that it is hard to understand why strategically they don't just get everything out at once. certainly, that would be the
strategy that i think anybody who has been in politics for a long time would recommend. i disagree with jerry of the notion that it reinforces everything that people dislike about the clintons reinforces what the clintons' opponents have tried to make people feel about the clintons for a long time. you had a president who is very popular. her as a very popular candidate and secretary of state and continuing to lead in the polls and have high fafshvorability numbers. >> they are very very high. up in the high 40s. higher than jeb bush. i think that's the problem. the other point is -- >> it's the trust issue. >> and also everybody is saying why on earth does she have this private server? why doesn't she bring -- put all the material available? why have so many e-mails been destroyed? these are all good questions. the doubt that we will be in
people's minds is there's some connection this story and the stories well documented particularly in the wall street journal, of the clinton foundation of work that the clinton -- money that the clinton foundation got from foreign governments while she was -- and people who work for foreign governments while she was secretary of state. >> did that dictate policy in. >> i'm not saying it was. people will want to know is there something connection there between the fact that there were -- some countries got remarkably good -- and some companies got some remarkably good treatment from the u.s. government while she was secretary of state. after they had given money to the clinton foundation. nobody is necessarily saying there is a connection. but it kreetzcreates a suspicion. i think it will be on her to demonstrate the suspicions are not justified and the zigdecisions were made on the basis of the merits. >> the underlying issue that's here is inspector generals are independent.
but for this report to be thrown out to the "new york times," what have you, someone in the white house put that out. it clearly -- there's an effort in there to undo her candidacy. >> they are undermining her. >> i don't know. but at the end of the day, you don't make these decisions, you don't push things out. when the justice department indicts a high powered congressman or senator it's to the top. this is something where -- the white house hand prints are all over this. >> have ii have no idea who put it out. there's two issues. the e-mails and the server which i think they have made a mistake on. i guarantee you if she could do it over again, she wouldn't do it this way. then the issue of what is policy and what are her policy positions and where was she on these pieces? there are people who disagree with her. all those people -- there has never been a clear tie between the clinton foundation and policy and the secretary -- as the secretary of state office.
there lab a questionhas been a question of the servers and the information there. they ought to turn that over. >> there is a question about the foundation just because there were certain treatments for -- >> there's never been anything demonstrated a connect between the foundation -- >> except the president -- $750,000 to make a speech for someone who was illegal. >> he was not the secretary of state. >> her husband. >> they signed documents when they went in that they wouldn't basically -- they would abide by the new rules, whatever they may be. they clearly violated that. the real serious issue here she's run a terrible campaign for three months. she has not gotten out front on anything. first thing we will talk about later is her economic package. the reality is she should be out there running a super campaign. when you have bernie sanders having gigantic crowds and trump with crowds and she has 20 people. that's an amateur operation.
>> hold that thought. continue this conversation. i want to get into economics and hillary's proposals which she came out with last week. our panel will discuss ...and the wolf was huffing and puffing... kind of like you sometimes, grandpa. well, when you have copd it can be hard to breathe. it can be hard to get air out, which can make it hard to get air in. so i talked to my doctor. she said.. doctor: symbicort could help you breathe better, starting within 5 minutes. symbicort doesn't replace a rescue inhaler for sudden symptoms. symbicort helps provide significant improvement of your lung function. symbicort is for copd, including chronic bronchitis and emphysema. it should not be taken more than twice a day. symbicort contains formoterol. medicines like formoterol increase the risk of death from asthma problems. symbicort may increase your risk of lung infections osteoporosis, and some eye problems. you should tell your doctor if you have a heart condition or high blood pressure before taking it. grandfather: symbicort could mean a day with better breathing. watch out, piggies! child giggles doctor: symbicort. breathe better starting within 5 minutes. call or go online to learn more about
welcome back. we're back with our panel. i want to talk about hillary clinton last week at nyu school of business. she made an economic speech and talked about short-termism versus long-termism and hitting on executive pay. what was your take away from hillary's speech last week? >> this is going to be one of the big themes of her campaign or she plans to make a big theme of her campaign. i think it taps into concerns that people have about the economy. we talked about populism and concerns that people feel they are being left behind. the u.s. economy in the last few years has not been good. better than much of the rest of
the world. and particularly for ordinary americans it's not been good. wages are not good. she's tapping into that sentiment. so she's trying to capture that sentiment and do it in a way but doing it in a way that preserves fundamentals of the capitalistic economy. the specific proposal she came up and what she's talking a lot about is dangers of too much short-termism and investors think too short-term and we need a longer term strategy. companies need more space to make big investments and to see forward to look forward over a three, five ten year rather than quarter by quarter and one of the ways she's trying to tackle this is with is this proposal to increase capital gains. if you hold onto assets -- right now the rule is if you hold onto capital gains for more than a year you don't have to pay the
higher rate. she's extending that to two years so she's encouraging people to hang onto capital gains longer. >> she wants to take capital gains from 20% to 40%. >> you forget with capital gains taxes people paid a tax before they make that investment. so by raising this to 40% to force people -- plus medicare tax, you're going to basically diminish this investment back to what we desperately need in this country and traditional democrat strategy is not going to work. >> sounds like a third obama term. >> obama hasn't done this. there are two things. one, it hasn't been working right now. there's too much short-termism. the american people agree with that and it's had an impact on the economy and she's capturing something and talking about that policy right, whether exact policy proposes are right, i can't answer that question yet. what i can say is government
policy encouraging savings over time there's a long tradition of doing that you cansuccessfully. >> it's punishing that person who wants to -- >> she's not punishing if they extend it from one year to two years for example. she's shifting the burdens essentially. the most important thing i think politically is that she's actually talking about a policy piece and important economic policy piece where you have republicans back to donald trump sucking up oxygen attacking each other and screaming and yelling. >> he's an equal opportunity attacker. talking about policy that the american people care about is in fact the way to win presidential elections. >> we have to get to a quick break. one thing to watch for the next few weeks on "sunday morning futures."
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>> i want to thank our fabulous panel. thank you for being here, gentlemen. thank you at home for . hello everybody. i'm lou dobbs. we're learning more each day about the obama iranian nuclear deal and the more we learn, the more it appears the administration has thrown our national interest to the wind in favor of a strange gift to the world's leading state sponsor of terrorism. congressional republicans have been utterly helpless and bumbling in their role as the loyal opposition. but two republican lawmakers are now accusing iran and the international atomic energy agency a u.n. agency of constructing secret side deals on iran's nuclear program